According to the Treasury, Rachel Reeves will 'announce immediate action to restore economic stability and deliver departmental savings this financial year'. The chancellor will also accuse Rishi Sunak's government of 'covering up the true state of the public finances'.
Rachel Reeves will signal Labour's plans to cut government departments and the Civil Service as the new administration looks to accuse Rishi Sunak of 'covering up' problems with the economy. The chancellor is set to speak to the House of Commons this afternoon following a review of the government finances after taking office at the start of the month.
The OVM will make recommendations for how to save money for the public purse this year. Read more:Expert says 'black hole' matches Tory tax cutsChancellor has boxed herself in on filling the black hole New reforms will be announced to drive 'efficiencies' - a word which usually means cuts - across government departments and bodies like the Prison and Probation Service, Met Office, Environment Agency and HM Revenue and Customs.
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